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with only 72 hours to go until the nation could careen over the so called fiscal cliff, we do the math to tell you how it could affect your bottom line. >>> from the global resources of abc news, with terry moran, cynthia mcfadden, and bill weir in new york city, this is "nightline," december 28th, 2012. >>> good evening, i'm terry moran. well, with all of the expensive airport frenzy at the holidays, your travel dollar might not feel like it goes as far as it used to, but tonight you're going to meet some everyday travelers who found ways to fly literally around the world in first class luxury for next to nothing. that sounds too good to be true? maybe it's because you've never seen the extreme measures these folks are willing to rack up frequent flier miles. here's an encore presentation. >> reporter: this is where rick gets to go practically for free whenever he goes flying. to the front of the lie at the check-in counter. to the first class lounge. to seats like these at the front of the airplane, first class and business class. and the places he and his wife have gone together, su
with only 72 hours to go until the nation could careen over the so called fiscal cliff, we do the math to tell you how it could affect your bottom line. >>> from the global resources of abc news, with terry moran, cynthia mcfadden, and bill weir in new york city, this is "nightline," december 28th, 2012. >>> good evening, i'm terry moran. well, with all of the expensive airport frenzy at the holidays, your travel dollar might not feel like it goes as far as it used...
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Dec 29, 2012
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cliff hits the 72-hour mark in just a few minutes. while congress is hoping for a hail mary deal to avoid taking a plunge over the fiscal cliff, most americans are wondering what is wrong with these people, and how exactly social security going to affect them. so, we went ahead and crunched the numbers for you. there they were again. hour nation's leaders trooping into the white house one more time. and afterwards, the president. >> the hour for immediate action is here. it is now. >> you've heard that before. but today on the brink of the fiscal cliff, a glimmer of -- well, something. >> i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> but don't hold your breath. there is deep skepticism in washington that the leadership of our country will get its act together on time. so let's say we all go over the cliff. what does it mean for you? how big a deal is this for ordinary taxpayers? >> well, it's a big deal in that it would be kind of a sudden shock if you had a lighter take-home pay start
cliff hits the 72-hour mark in just a few minutes. while congress is hoping for a hail mary deal to avoid taking a plunge over the fiscal cliff, most americans are wondering what is wrong with these people, and how exactly social security going to affect them. so, we went ahead and crunched the numbers for you. there they were again. hour nation's leaders trooping into the white house one more time. and afterwards, the president. >> the hour for immediate action is here. it is now....
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Dec 29, 2012
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right now we are coming up 73.5 hours of going over the fiscal cliff the one that they are pushing us off and everyone s scrambling to scrap scrape toga solution. is the house doing anything at all. congressman aaron schact joins us. >> good evening, sir. >> republicans blame democrats and democrats blame republicans and the leadership as it goes beyond that you have political oh opponents it but you rise above it and have solutions for the american people. where is that leadership? >> it has been lacking without doubt and look, kudos to you for holding elected officials feet to the fire. my party and colleagues and myself included it is frustrating as a house member. i can't be a house member and senator and president all at once. the house has led. we have tried to be the party of ideas. the body of ideas. as you know this summer we passed a bill to keep tax rates low for everyone. it has been dead in the senate. harry reid won't take it up. after the election john boehner got criticism even from my party saying look, mr. president we will meet you halfway and give you the $800 bill
right now we are coming up 73.5 hours of going over the fiscal cliff the one that they are pushing us off and everyone s scrambling to scrap scrape toga solution. is the house doing anything at all. congressman aaron schact joins us. >> good evening, sir. >> republicans blame democrats and democrats blame republicans and the leadership as it goes beyond that you have political oh opponents it but you rise above it and have solutions for the american people. where is that leadership?...
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Dec 29, 2012
12/12
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we begin with the 11th-hour, high-stakes meeting at the white house late today to avoid the fiscal cliff. but no deal, as anger builds across the country, the clock is ticking. just four days left before taxes go up for all americans and federal programs see major cuts. we've shown you the math here. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room a short time ago. let's go right to jon carl tonight. good evening. >> reporter: good evening, david. there are finally signs of life here in washington. after meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a bipartisan agreement can finally be struck that would prevent taxes from going up on virtually everybody in just four days. after meeting with the congressional leaders, the president said there would be one more effort to come to a bipartisan agreement to avoid the fiscal cliff. >> the hour for immediate a
we begin with the 11th-hour, high-stakes meeting at the white house late today to avoid the fiscal cliff. but no deal, as anger builds across the country, the clock is ticking. just four days left before taxes go up for all americans and federal programs see major cuts. we've shown you the math here. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in...
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Dec 29, 2012
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captions by: caption colorado comments@captioncolorado.com >> glor: tonight, fiscal cliff hanger. >> the hour for immediate action >> here. it is now. >> glor: president obama speaks to the nation after speaking with congressional leaders. reports from major garrett and .ancy cordes. elaine quijano on the family heartbreak after russia's president bans all adoptions to americans. >> we ask president putin, please, can he set an alternate means but don't let me children suffer. >> glor: he met saddam hussein and made it look easy. david martin on the death of general norman schwarzkopf and what the world did not know thout him. and "on the road" with steve hartman as a man tries to save his wife of 56 years. an unusual request that gets a unrprising response. >> got two of them and i only need one. captioning sponsored by cbs
captions by: caption colorado comments@captioncolorado.com >> glor: tonight, fiscal cliff hanger. >> the hour for immediate action >> here. it is now. >> glor: president obama speaks to the nation after speaking with congressional leaders. reports from major garrett and .ancy cordes. elaine quijano on the family heartbreak after russia's president bans all adoptions to americans. >> we ask president putin, please, can he set an alternate means but don't let me...
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Dec 29, 2012
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cliff. >> senator reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an income tax hike, extends unemployment to the 2 million americans looking for a job and lays groundwork for more economic growth and deficit reduction. >> just moments ago, senator harry reid says he's readying a bill for a vote by monday. all this follows a rare face-to-face closed door meeting at the white house today between all the key players, the president, the vice president, the treasury secretary and all four congressional leaders huddled together with just four days to go before we all go overs fiscal cliff. that meeting lasted for an hour and five minutes. on a story where every second and every maneuver counts, let's get chief to white house correspondent jessica yellin. jessica, th
cliff. >> senator reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an income tax hike, extends unemployment to the 2 million americans looking for a job and lays groundwork for more economic growth and deficit reduction. >> just moments ago, senator...
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Dec 29, 2012
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cliff. that meeting lasted for an hour and five minutes. on a story where every second and every maneuver counts, let's get chief to white house correspondent jessica yellin. jessica, the president says he's modestly optimist being but each also presented a backup plan. does the president really think it will come to that? >> at this point, no, they don't, john, because the white house is hopeful that the agreement that the senators are working on can actually move forward after the meeting here. there is a modest uptick in enthusiasm about that possibility. but as forts backup plan, there's no real likelihood that would ever come to a vote because republicans would likely block it in both the senate and might -- it would likely not come to a vote in the house. so that's really more rhetoric than it is reality and we have to hope for option a, getting an agreement in the senate if we're going to avoid going over the cliff. >> rhetoric versus reality. that's always a tricky place to be in was
cliff. that meeting lasted for an hour and five minutes. on a story where every second and every maneuver counts, let's get chief to white house correspondent jessica yellin. jessica, the president says he's modestly optimist being but each also presented a backup plan. does the president really think it will come to that? >> at this point, no, they don't, john, because the white house is hopeful that the agreement that the senators are working on can actually move forward after the...
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. >> gregg: first, with just over 48 hours to go until the fiscal cliff deadline, senate leaders are scrambling at this hour to cut a last minute deal avoiding massive year end tax hikes and spending cuts as president obama warns failure could mean, quote, a self-inflicted wound to the economy. mike emmanuel live. after a lot of focus on john boehner, kind of sounds like democrats and others are counting on the top senate republican to get a deal. is that about right? mitch mcconnell? >> that is spot on. this has been a lot of talk about senator mitch mcconnell's ability to be a deal maker. one area he's working on is the threshold for extending the bush tax cuts. the $250,000 mark has been what democrats have been pitching. negotiations seem to be heading toward keeping the current tax rate for those making up to $400,000, a key senate conservative sounds hopeful. >> i do think that something will happen over the next few days relative to the revenue piece and hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spending component.
. >> gregg: first, with just over 48 hours to go until the fiscal cliff deadline, senate leaders are scrambling at this hour to cut a last minute deal avoiding massive year end tax hikes and spending cuts as president obama warns failure could mean, quote, a self-inflicted wound to the economy. mike emmanuel live. after a lot of focus on john boehner, kind of sounds like democrats and others are counting on the top senate republican to get a deal. is that about right? mitch mcconnell?...
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parachute. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard smith. and president obama says tonight there is still time to get a deal done before we fall off the fiscal cliff. and he demanded congress take action now before it's too late. the president spoke in the white house briefing room just about an hour ago now. he was visibly tense. frustration in his voice. >> america wonders why it is in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we are now at the last minute. and the american people are not going to have any patience for a politically self-infl
parachute. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard...
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it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sense of urgency today as the president met with house and senate leaders along with the treasury secretary and vice president a short while ago at the white house to try and forge a last-minute deal. the president says he is optimistic, but at this hour, the fiscal cliff still looms. we begin our coverage with nbc's white house correspondent, peter alexander who has been watching the developments all day. peter, good evening to you. >> reporter: natalie, good evening to you. after his first meeting with all of the top four congressional lawmakers since before thanksgiving, the president marched into the briefing room here at the white house and he said the time for immediate action is now. he called for a bipartisan agreement and said to congressional leaders, warning them the public's patience has worn out. after an hour-long closed-door meeting with the president, bo
it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sense of urgency today as the president met with house and senate leaders along with the treasury secretary and vice president a short while ago at the white house to try and forge a last-minute deal. the president says he is optimistic, but at this hour, the fiscal cliff still looms. we begin our...
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Dec 29, 2012
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. >>> fiscal cliff hanger. >> the hour for immediate action is here. it's now. >> t-minus three days until everyone's taxes go up. the politicians are in a mad scramble this morning. so, what are the odds of a deal to prevent disaster? >>> the price of fashion. are your skinny jeans a health risk? why doctors are warning of nerve damage, abdominal pain, heart burn, even blood clots. >>> is britney spears about to lose her job as a judge on a talent show? why simon cowell reportedly calls her toxic to the show's success. >>> and good morning, everyone. we've got a lot to get to this last week of 2012. can you believe this year is almost over? and of course, we're going to start the show with weather. take a look at snow falling overnight in illinois. the year ending with a one-two punch of nasty weather for much of the country. ginger zee will tell us how it will affect your travel plans. >> nothing makes ginger happier than a big winter storm. we'll talk to her in just a moment. >>> speaking of travel. this is exactly what you do not want to hear after
. >>> fiscal cliff hanger. >> the hour for immediate action is here. it's now. >> t-minus three days until everyone's taxes go up. the politicians are in a mad scramble this morning. so, what are the odds of a deal to prevent disaster? >>> the price of fashion. are your skinny jeans a health risk? why doctors are warning of nerve damage, abdominal pain, heart burn, even blood clots. >>> is britney spears about to lose her job as a judge on a talent show?...
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Dec 29, 2012
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plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical window. we are not expecting an announcement today, but they are trying to carve out a deal capable of winning bipartisan support. president obama said the u.s. can't afford a self inflicted wound to our economy. >> fortunate lie congress can prevent it from happening if they act right now. i had a good and constructive discussion with senate and house leadership about preventing the tax hike on the middle class and we should be able to reach an agreement to pass both house necessary time. >> senate leaders can't strike a deal. it would be a plan c. keeping tax cuts for those making $250,000 or less .
plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical...
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Dec 29, 2012
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so congressional leaders can focus on work on the fiscal cliff. some of the buzz around washington has been, if you look at what could possibly pass the house and sena, you're loing at perhaps an income threshold of about four to $500,000 a year, maybe less, to prevent those taxpayers, those amounts from having to pay additional taxes or watching their taxes go up. some of the other proposals on employment insurance. the doc fix, preventing doctors from getting a massive pay cut at the end of the year. right now congressional leaders will try to cobble something tother with democratic and republican votes that can pass both the house and senate. the next 24 hours on this one, adam, very critic. adam: rich, if it is just taxes and extension of unemployment benefits where do they get money to pay for unemployment benefits? we're about to hit the debt ceiling and will have 110 billion in spending cuts come january 1? >> that is what makes this difficult. if the debt ceiling is part of this and there are no spending cuts this will not pass the house.
so congressional leaders can focus on work on the fiscal cliff. some of the buzz around washington has been, if you look at what could possibly pass the house and sena, you're loing at perhaps an income threshold of about four to $500,000 a year, maybe less, to prevent those taxpayers, those amounts from having to pay additional taxes or watching their taxes go up. some of the other proposals on employment insurance. the doc fix, preventing doctors from getting a massive pay cut at the end of...
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they will discuss the fiscal cliff and other key issues. you can see it here tomorrow at 10:30. >>> we're a little more than 36 hours away from the biggest game of the season for the redskins. the burgundy and gold face off against the cowboys tomorrow night. it's simple. win and you take the nfc east crown. even though we're in redskins country, there are sure to be some divided families tomorrow night. that includes the clark family in capital heights, maryland. half of the family are cowboy fans. half cheer on the skins. mom and dad are heading to the game. dad is hoping to see some upset redskins fans tomorrow night. >> it's nothing like 90,000 just going -- oh, my god. it is beautiful. >> we'll be divorced on sunday. just for sunday though. >> well, as for the little guy in the middle, he might have a cowboys jersey on, but his mom says he roots for the redskins too. in fact, kids at school have taken to calling him rc3. and you can catch up on everything redskins later this morning on "inside the redskins." that starts at 10:30. of co
they will discuss the fiscal cliff and other key issues. you can see it here tomorrow at 10:30. >>> we're a little more than 36 hours away from the biggest game of the season for the redskins. the burgundy and gold face off against the cowboys tomorrow night. it's simple. win and you take the nfc east crown. even though we're in redskins country, there are sure to be some divided families tomorrow night. that includes the clark family in capital heights, maryland. half of the family...
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. >> pushing for a deal to avert the "fiscal cliff" just days before the deadline. the progress report from president obama and his backup plan. >>> why there's a manhunt for the woman in this surveillance video. a case involving death and deja vu. >> the guy grabbed him and put him in the car and took off. >> a dog taken and held for ransom. the effort to get back a pilfered pomeranian. ,,,,,,,,,,,,,,,,,,,, >>> you're watching cbs 5 eyewitness news at 6:00. >> this is deja vu all over again. we are now at the last minute. >> last-minute talks on the "fiscal cliff." tonight, we're going into the long holiday weekend still no deal. but there is a bit of confidence that the senate will reach a last-minute agreement. with three days to go there were talks today, then the president addressed the nation. thigh presidentgrace lee reports. >> reporter: the plan b would be this. if there is no deal, then the president says he still expects the senate to take action. he says at the very at least he expects to keep unemployment benefits to the jobless and to maintain the bush
. >> pushing for a deal to avert the "fiscal cliff" just days before the deadline. the progress report from president obama and his backup plan. >>> why there's a manhunt for the woman in this surveillance video. a case involving death and deja vu. >> the guy grabbed him and put him in the car and took off. >> a dog taken and held for ransom. the effort to get back a pilfered pomeranian. ,,,,,,,,,,,,,,,,,,,, >>> you're watching cbs 5 eyewitness news...
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good luck in washington now. >>> next hour we'll hear from more lawmakers about the fiscal cliff. we'll have senator bernie sanders from vermont he'll be here as well as representative karen bass of california. in our 1:00 eastern hour right here on msnbc. >>> we need to turn now to weather. a winter storm another one dropping snow in the northeast. take a look now. you know a lot of people -- just a few days away. we've got a little snow coming down here now actually. that's the spot a lot of people are going to gather. right outside the studios here, rockefeller plaza. but the new year's countdown they expect some million people to be out there when the ball drops. but when that ball drops, how bad is it going to be out there? are they going to be getting snowed on? dylan dryer, would you recommend going out there on new year's receive in. >> of course. it's new year's eve in new york city. but the snow will be gone by then. it is a snowstorm nonetheless and the roads and anyone traveling in the northeast will run into some issues. we've already seen some reports of pretty bad r
good luck in washington now. >>> next hour we'll hear from more lawmakers about the fiscal cliff. we'll have senator bernie sanders from vermont he'll be here as well as representative karen bass of california. in our 1:00 eastern hour right here on msnbc. >>> we need to turn now to weather. a winter storm another one dropping snow in the northeast. take a look now. you know a lot of people -- just a few days away. we've got a little snow coming down here now actually. that's...
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cliff crisis. but as the hours tick down, neither side is optimistic. what will that mean for the american people? eric? >> again, i am on the record as saying, i was with you this morning saying i think we should name it the obama cliff and i think we should swan dive off of it because it's the only way democrats will cut spending because they are forced into it. if nothing happens, if a deal isn't struck over the next couple of months, people's paychecks will get smaller because payroll taxes will have expired. peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for everyone
cliff crisis. but as the hours tick down, neither side is optimistic. what will that mean for the american people? eric? >> again, i am on the record as saying, i was with you this morning saying i think we should name it the obama cliff and i think we should swan dive off of it because it's the only way democrats will cut spending because they are forced into it. if nothing happens, if a deal isn't struck over the next couple of months, people's paychecks will get smaller because payroll...
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at the 11th hour, just when people were starting to lose hope on the edge of the fiscal cliff the president met with leaders and said he was modestly optimistic about a deal on taxes. meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good and constructive discussion here with the leadership about this tax hike on the middle-class. i am optimistic that we can reach an agreement that will be passed in both houses. if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor and up or down vote for the floor, and i believe a p proposal could pass both houses with majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to
at the 11th hour, just when people were starting to lose hope on the edge of the fiscal cliff the president met with leaders and said he was modestly optimistic about a deal on taxes. meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good...
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. >> a last-minute deal to avoid the fiscal cliff is still possible, says president obama. you are watching al jazeera, live from doha. an indian student who was gang raped the eyes of her injuries in singapore hospital. -- dies of her injuries in singapore hospital. dozens take to the streets to protest the iraqi government. >> in vietnam, we talk to fishermen about the increasing dangers of working in disputed waters. >> u.s. president barack obama says he still hopes congress can reach agreement to avoid the so- called fiscal cliff. obama met congressional leaders at the white house on friday to discuss a deal. he said the talks were constructive, but did issue a warning on behalf of the american people, demanding congress take action. >> america wonders why it is that in this town, for some reason, you cannot get stuff done in an organized time table, where everything has to wait till the last minute. we are now of the last minute. in the american people are not going to have any patients for a politically self-inflicted wound to our economy. >> the president said he wa
. >> a last-minute deal to avoid the fiscal cliff is still possible, says president obama. you are watching al jazeera, live from doha. an indian student who was gang raped the eyes of her injuries in singapore hospital. -- dies of her injuries in singapore hospital. dozens take to the streets to protest the iraqi government. >> in vietnam, we talk to fishermen about the increasing dangers of working in disputed waters. >> u.s. president barack obama says he still hopes...
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the fiscal cliff, president obama has ended the freeze on federal pay, only about .5%. and biden will see his pay go go up to $231,900. speaker boehner will make $224,600. that's $30,000 more than the pay of senate and house majority and minority leaders. those raises maybe good news for congress. but the rest of america won't be so happy when they see their paycheck next year. it's almost certain that the government will not extend the payroll tax holiday. that means a 2% tax increase for every last one of us. joining me is gerald bernstein, a senior fellow at the center of budget and policy priorities. get the title out. let's get to business. why are we not talking about this? talking about the cliff, but everybody's taxes going up with the payroll tax holiday. >>ith a great question, t.j. an important and underappreciated part of the fiscal cliff. the answer to the why is it really doesn't have any champions. when you hear the list of things people fighting for, estate tax, you hear the unemployment extension, things like that. you don't even hear this listed anymor
the fiscal cliff, president obama has ended the freeze on federal pay, only about .5%. and biden will see his pay go go up to $231,900. speaker boehner will make $224,600. that's $30,000 more than the pay of senate and house majority and minority leaders. those raises maybe good news for congress. but the rest of america won't be so happy when they see their paycheck next year. it's almost certain that the government will not extend the payroll tax holiday. that means a 2% tax increase for...
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where negotiations on avoiding the so-called fiscal cliff again produced no results if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts worth billions of dollars in mass we take effect on journey the first another round of talks is saturday barack obama is already considering an emergency bill for the workers and the army if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india i mean charged with murder just hours after a victim died in a hospital if convicted all could face the death penalty in the case sparked protest in new delhi if you're for it is resorting to banning mass gatherings in parts of the city people still joining to express their anger and sorrow and demanding extreme measures to keep the streets safe. the newly elected prime minister has taken a tour of the fukushima nuclear plant which was devastated by a massive tsunami last year wearing a protective suit to be inspected the complex and admitted that dealing with a fall that is an unprecedented ch
where negotiations on avoiding the so-called fiscal cliff again produced no results if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts worth billions of dollars in mass we take effect on journey the first another round of talks is saturday barack obama is already considering an emergency bill for the workers and the army if agreement is not reached before the deadline. the six men involved in the gang rape of a student in...
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cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be a substantive deal that comes out of this in the 11th hour is probably nil to zero, right? essentially in my sense, it's easier to go over the cliff. then there's clarity, right? taxes will go up, spending will get cut. the market will know what is going to happen. it can only get better from there because then you'll get legislators that come to the table, that try to cut taxes and raise some spending, and they'll argue it from a positive point of view and stand up and say, rah-rah, look what we, did right? it won't get any worse if we go over the cliff. if there's a bandaid, it leaves complete confusion, there is no clarity, the market will probably react more negative than actually going over the cliff. i think that's what investors have to be concerned about. now, that being said, i don't think the market's going to crash by any sense. but -- i think there's a lot of money still on the streamlines that needs to be invest -- the sidelines th
cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be a substantive deal that comes out of this in the 11th hour is probably nil to zero, right? essentially in my sense, it's easier to go over the cliff. then there's clarity, right? taxes will go up, spending will get cut. the market will know what is going to happen. it can only get better from there because then you'll get legislators that come to the table, that try to cut taxes and raise some spending,...
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cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have done, do you think we are better off with a bad deal than no deal at all? >> you know susie when peopletal they are talking about a bad deal in political terms. frankly it's republicans that are most worried about the bad deal they have most leverage. the president has the most leverage. they are worried about a bad deal. any deal that gets us past the fiscal cliff is going to be seen as a good deal. >> susie: it seems like we are further apart than last week whe
cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we're...
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from falling off the so-called fiscal cliff. i'm craig melvin and you are watching msnbc, with all the focus on the fiscal cliff, will there be action on gun control. meanwhile, we are going to talk to an attorney general that wants to arm teachers to protect students. and the race to fill john kerry's senate seat. first, fiscal cliff talks. countdown clock tot screen. the senate is shouldering most of the weight of that deadline. senate leaders working behind closed doors to come up with a cliff compromise, something that the house and the president has failed to do so is far. the president has tasked senator majority leader harry reed. >> i have asked senator reed to do it, put a by on the floor to make sure that taxes on middle class families do not go up. and unemployment insurance is still available for two million people and lays the groundwork for economic growth and deficit reduction. >> everything that has been happening in the last several hours has been happening behind the scenes. we have correspondents tracking ever
from falling off the so-called fiscal cliff. i'm craig melvin and you are watching msnbc, with all the focus on the fiscal cliff, will there be action on gun control. meanwhile, we are going to talk to an attorney general that wants to arm teachers to protect students. and the race to fill john kerry's senate seat. first, fiscal cliff talks. countdown clock tot screen. the senate is shouldering most of the weight of that deadline. senate leaders working behind closed doors to come up with a...
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cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now ar two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. and now heasses on to the senate. senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in
cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now ar two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's...
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cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have done, do you think we are better off with a bad deal than no deal at all? >> you know susie when peopletalk about bad deal or no deal they are talking about a bad deal in political terms. frankly it's republicans that are most worried about the bad deal they have most leverage. the president has the most leverage. they are worried about a bad deal. any deal that gets us past the fiscal cliff is going to be seen as a good deal. >> susie: it seems like we are furthe
cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there it seems unlikely that we're...
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cliff hanger in our next hour. these negotiations are raising questions about leadership in the house. could speaker john boehner be at risk of losing his position? at 10:00 we'll xl our washington panel. >>> one last look at headlines coming up next. can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. >>> basically going out and spending on oysters and salmon and champagne. and here, the most beautiful in the world, traffic will be completely closed down. so that hundreds of thousands of people can forget about the old here and ce
cliff hanger in our next hour. these negotiations are raising questions about leadership in the house. could speaker john boehner be at risk of losing his position? at 10:00 we'll xl our washington panel. >>> one last look at headlines coming up next. can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the...
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so where do fiscal cliff talks stand at this critical hour? nbc's kristen welker is on the north lawn and luke russert are both following developments this saturday afternoon. kristen, i'll start with you. any indication at this particular point as to what's happening behind closed doors this afternoon? >> reporter: well, i think most of the action is going on in the hill where staffers with majority leader reid and minority leader mcconnell are trying to conjure up some last-minute deal and this plan would not be the grand bargain that john boehner started initially working on. that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the big sticking point, taxes. of course, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republican
so where do fiscal cliff talks stand at this critical hour? nbc's kristen welker is on the north lawn and luke russert are both following developments this saturday afternoon. kristen, i'll start with you. any indication at this particular point as to what's happening behind closed doors this afternoon? >> reporter: well, i think most of the action is going on in the hill where staffers with majority leader reid and minority leader mcconnell are trying to conjure up some last-minute deal...
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a few weeks ago we here at 9 news built a fiscal cliff soap box and went out and asked washingtonians to stand on it and sound off. now that we're within shouting distance of that cliff we thought it would be a good time to break out the soapbox once again so matt jablow packed it up and headed out to mcpherson square earlier today. >> reporter: what do you do for a living? >> i'm in the government. >> reporter: what do you make of this whole fiscal cliff mess? >> it seems like a against baby- sitting gig in a way. >> i'm really disappointed because, one, our lives are in other people's hands, and if you raise the taxes, how are we going to survive for 201 and on? >> i'm just, like i said, waiting to see what comes up and hope for the best. >> a lot of people don't know that we will automatically see a 2% did he address in our take- home tax. >> are you angry that we're even in this situation? >> not so much angry. just frustrated and, you know, just confused by it all, the lack of willingness to strike a deal should. what would you like lawmakers to give you regarding the fiscal clif
a few weeks ago we here at 9 news built a fiscal cliff soap box and went out and asked washingtonians to stand on it and sound off. now that we're within shouting distance of that cliff we thought it would be a good time to break out the soapbox once again so matt jablow packed it up and headed out to mcpherson square earlier today. >> reporter: what do you do for a living? >> i'm in the government. >> reporter: what do you make of this whole fiscal cliff mess? >> it...
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. >>> plus, lawmakers are working overtime to avoid a drop off the fiscal cliff. the latest on the last-minute negotiations. >>> storm team 4 radar picking up winter weather in the area. the big storm rolling our way right now. >>> a live look at city cam a the 495 and van dorn street where in for a nasty mix of rain and snow. it's making for a messy drive. >> good morning, everyone. i'm richard jordan. >> a little bit of a mix right there. i'm angie goff. welcome to news 4 today. it is saturday, december 29th, 2012. >> we have our reporters positioned across the area to cover this winter weather. >> first, let's find out who's getting snow and what areas are getting rain. with that, we go to storm team 4 meteorologist veronica johnson. >> you may think this is a big storm, but it is not. it's a small storm. it's going to be in and out of here very quickly. finally, some snow showing up on the radar and falling too. the last couple hours, you can see that batch swinging through. you can see it's rain north of d.c. some of you have been tweeting it's "snaining" whe
. >>> plus, lawmakers are working overtime to avoid a drop off the fiscal cliff. the latest on the last-minute negotiations. >>> storm team 4 radar picking up winter weather in the area. the big storm rolling our way right now. >>> a live look at city cam a the 495 and van dorn street where in for a nasty mix of rain and snow. it's making for a messy drive. >> good morning, everyone. i'm richard jordan. >> a little bit of a mix right there. i'm angie goff....
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our top story tonight, the last ditch effort to avert the fiscal cliff. president obama met with congressional leaders for several hours at the white house today to try to hammer out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over into the house and done in a timely fashion so that we met the december 31st deadline. given how things have been working in this town we have to actually wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action. so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i have asked senator reid to do. this put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insuran
our top story tonight, the last ditch effort to avert the fiscal cliff. president obama met with congressional leaders for several hours at the white house today to try to hammer out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan...
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it's down to the wire for a fiscal cliff deal. senate leaders from both sides of the aisle vowing to scramble days before a new year's deadline to reach a plan or watch the economy go off a cliff. president obama says he's optimistic that they'll come to an agreement that will avoid across the board tax hikes and deep spending cuts. and here we go again, more snow headed to the the northeast, where a major winter storm already dumped several inches on inland areas. snarling roads, canceling hundreds of holiday flights. two powerful systems expect today come up the east coast by today, from south carolina to new york already issues severe weather warnings. i'm heather childers, now back to bulls and bears and for your latest weather headlines, log on to foxnews.com. you're watching the most powerful name in news. >> canceled, that's what thousands of ticked off holiday travelers are seeing on airport monitors this week. and while the nasty weather is to be blamed, toby says we should blame government regulations. >> here is a fact
it's down to the wire for a fiscal cliff deal. senate leaders from both sides of the aisle vowing to scramble days before a new year's deadline to reach a plan or watch the economy go off a cliff. president obama says he's optimistic that they'll come to an agreement that will avoid across the board tax hikes and deep spending cuts. and here we go again, more snow headed to the the northeast, where a major winter storm already dumped several inches on inland areas. snarling roads, canceling...
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. >>> so what could the fiscal cliff mean for wall street and your retirement fund? i'm going to ask independent new york stock exchange trader in about one hour from now. >>> all right. let's switch gears here. because after newtown, gun buybacks are making headlines across the country. >>> and we're going to tell you how donors funded the biggest buyback ever in one connecticut town. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want in real time. only from at&t. rethink possible. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is prove
. >>> so what could the fiscal cliff mean for wall street and your retirement fund? i'm going to ask independent new york stock exchange trader in about one hour from now. >>> all right. let's switch gears here. because after newtown, gun buybacks are making headlines across the country. >>> and we're going to tell you how donors funded the biggest buyback ever in one connecticut town. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live...
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. >> are both parties determined to go over the fiscal cliff together? let's bring in our washington correspondent for more on this. what can you tell us about the meeting coming up in less than an hour? what will the president talking about with the republican leadership? >> there are only six people who really know what is going on, and what will really happen at the white house, and they will not talk, but i expect them to talk about higher taxes for the wealthy. are the republicans willing to accept that? they will also talk about entitlement spending cuts. are the democrats willing to accept that the government will spend less money? if this is the case, then they might find common ground. one important issue, of course, is going to be the members of the tea party. they are saying compromise is a bad word. of course, it will be difficult for them to find a compromise, to bring them into the boat. >> we had the meeting today. we have the special session on sunday. do you expect a compromise, or are we going over the cliff? >> this is really difficult
. >> are both parties determined to go over the fiscal cliff together? let's bring in our washington correspondent for more on this. what can you tell us about the meeting coming up in less than an hour? what will the president talking about with the republican leadership? >> there are only six people who really know what is going on, and what will really happen at the white house, and they will not talk, but i expect them to talk about higher taxes for the wealthy. are the...
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down to the wire for a fiscal cliff deal. and is it mitch mcconnell to the rescue. live in washington on the 11th hour negotiations. >> and did you know about to fall off the dairy cliff? >> juliet: have you seen the prices? >> dave: as high as 8 bucks a gallon for milk. >> clayton: oak ridge boys bush. special number tribute for number 41. "fox & friends" begins right now. >> am i wrong about that don't the have a deep voice? ♪ >> oak ridge boys have been on this show many times on "fox & friends." >> good morning, everyone. >> dave: good morning. juliet huddy celebrating an early new year's eve. is it new year's eve? >> juliet: sparkly shoes and everything. i feel like we are waking up at 4:00 in the morning on saturday i better be festive. >> clayton: that's what woke me up this morning. >> juliet: this is a beautiful set it has inspired me. >> dave: it's spectacular. >> juliet: it is. >> dave: it's fiscal cliff time. couple of days away. rare i wake up and say i'm moderately optimistic but that's what the president said. you are either optimistic or you are no
down to the wire for a fiscal cliff deal. and is it mitch mcconnell to the rescue. live in washington on the 11th hour negotiations. >> and did you know about to fall off the dairy cliff? >> juliet: have you seen the prices? >> dave: as high as 8 bucks a gallon for milk. >> clayton: oak ridge boys bush. special number tribute for number 41. "fox & friends" begins right now. >> am i wrong about that don't the have a deep voice? ♪ >> oak ridge...
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well, forget the fiscal cliff. washington might be sending cows off a cliff. want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how u ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because your daughter really wants that pk castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along wit
well, forget the fiscal cliff. washington might be sending cows off a cliff. want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how u ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because...
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, the negotiations to head off the fiscal cliff. there appears to be new optimism that a deal could be struck. we're going to get more from our chief white house correspondent major garrett who's at the white house. major, good morning again. nice to see you. where do things stand? >> good morning. well rebecca, the president said yesterday he's modestly optimistic as did the senate democratic leader. let's face reality. optimism and hope don't equal a bill and as of yet there's no bill. they're said to work today to try to compromise and what's the real sticking point? at what income threshold in america? right now the president wants higher income tax rates for every household earning $250,000 or more. there's bail -- a bill in the senate. if they can reach an accommodation with the white house instead of democrats that may be the deal that they look at tomorrow, but so far the negotiations i'm told this morning are not proceeding well and some sense of optimism that was springing up yesterday may be facing those harsh reality thi
, the negotiations to head off the fiscal cliff. there appears to be new optimism that a deal could be struck. we're going to get more from our chief white house correspondent major garrett who's at the white house. major, good morning again. nice to see you. where do things stand? >> good morning. well rebecca, the president said yesterday he's modestly optimistic as did the senate democratic leader. let's face reality. optimism and hope don't equal a bill and as of yet there's no bill....
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cliff. mcconnell believes there could be a tentative agreement by sunday. this progress comes after president obama met with congressional leaders at the white house today for about an hour. >> i'm modestly optimistic that an agreement can be achieved. nobody's going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely impacted because people can't do their jobs. >> if there is no deal, taxes will go up next week for most americans. there will be sharp spending cuts and 2 million people will lose their extended unemployment benefits. >>> on "meet the press" this sunday, president obama will sit down for an exclusive interview with david gregory as the fiscal cliff deadline approaches. watch the interview this sunday morning at 10:30 here on nbc 4. >>> a huge turnout at the what's called the nation's gun show in shantilly, virginia, today. thousands of people attended. some vendors sold out. it
cliff. mcconnell believes there could be a tentative agreement by sunday. this progress comes after president obama met with congressional leaders at the white house today for about an hour. >> i'm modestly optimistic that an agreement can be achieved. nobody's going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely impacted because people can't do their jobs. >> if there is no...